The Singapore skyline, with major office properties owned by REITs in view. (Photo: REITsWeek)

Office rents in Singapore’s central business district (CBD) are still largely stable despite the COVID-19 outbreak, but this may change come 2021.

Given this outlook, Singapore-listed office REITs are expected to face considerable headwinds from next year onwards.

This is especially so with REITs that own Grade A office properties in areas that have higher vacancies.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.